OEMS are investing heavily in EVs with Volvo planning to go all-electric, Toyota splitting from Tesla to speed development and SAIC-GM investing billions.
As the lubes industry continues to grow, the influence of a fragile global economy and unpredictable political outcomes in Europe and elsewhere may yet derail the positive market.
French car maker buys European manufacturing and brands from US auto giant.
Chinese vehicle deliveries rose to 21.1m cars last year as a late surge lifted sales
German carmaker VW has been rocked by an apparently wide-ranging crisis involving alleged fraud through use of 'defeat devices' in the US and Europe.
Amidst major economic headwinds, the sector struggles to meet 7% growth estimates
Slower growth has spurred the US carmaker to up its game in the vital Chinese market
Russia's poor automarket will see GM idle its plant in St. Petersburg while Nissan has suspended its production for 16 days, but Ford is deepening its ties in the country.
China's 2014 GDP figures may be off target, but automotive and lubes producers remain bullish about the years ahead.
The US car giant is looking to best rival VW in the Chinese market